Fortune Hotels welcomes Samarth Agarwal as Head of Development
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New Delhi, July 2024: Fortune Hotels, a member of ITC’s hotel group, is happy to announce the appointment of Samarth Agarwal as the Head of Development. With over 20 years of extensive experience in hospitality business development, investments, and consulting, Samarth is poised to lead Fortune Hotels into its next phase of growth.
He has had stints in equity research, specializing in the Gaming and Lodging industry in the USA. He then transitioned to hotel and real estate consulting at Cushman & Wakefield, where he provided strategic advice to leading hotel companies, owners, and developers. Following this, Samarth joined InterGlobe Hotels, a joint venture between Accor Hotels and InterGlobe Enterprises, where he worked on the buy-side of hotel investment. In his most recent role, he led the Asset Light (management contracts) growth strategy for Lemon Tree Hotels across India, successfully executing over 50 contracts within just three years, demonstrating his ability to drive rapid and sustainable growth.
In his new role as Head of Development at Fortune Park Hotels Limited, Samarth will be instrumental in expanding the network of Fortune-branded hotels across India. Based in Gurgaon, he will oversee strategic growth initiatives, forge key partnerships, and lead new developments.
Fortune Hotels is confident that Samarth’s industry experience and visionary leadership will be pivotal in driving the brand’s expansion and ensuring its success in the competitive hospitality sector.
About Fortune Park Hotels Ltd
Fortune Park Hotels Ltd is a wholly owned subsidiary of ITC Ltd. and is India's leading chain of first-class, full-service business and leisure hotels, with 66 signed alliances and over 5000 rooms, across 56 cities in India including Nepal.
Fortune Hotels’ brand philosophy is driven by its objective to provide contemporary accommodation to business and leisure travellers through its wide range of accommodation in pertinent destinations, with emphasis on personalized service at great value.
Convenient locations, excellence of cuisine, efficient service and competitive pricing have made the Fortune Hotels chain popular amongst discerning travellers.
Fortune, a member of ITC’s hotel group has a number of clearly defined sub-brands bringing instant recall, so that guests can easily match their requirements with the chain’s offers. The sub-brands under which the hotels are being operated by the chain are Fortune Select, Fortune Park, Fortune Inn, and Fortune Resort.
